Arbol and RealTimeRental Partnership
Arbol and RealTimeRental Partner to Offer the First Parametric Weather Protection Program for Vacation Rentals
NEW YORK, May 14, 2021 /PRNewswire/ -- Arbol Inc., an InsurTech platform for parametric weather protection products, today announced it has partnered with RealTimeRental (RTR), the original cloud based vacation rental & property management software platform, to offer the first parametric weather protection program for vacation rentals. This first-in-kind program will offer vacation renters a simple solution to protect their vacation against rainy weather.
"We are excited to partner with RealTimeRental to offer a program that leverages Arbol's cutting edge technology and hyperlocal, real-time weather data to give property managers the ability to offer rainfall protection to their renters," said Sid Jha, founder and CEO of Arbol. "By basing settlements on objective weather data, we can help vacation property managers differentiate their spots and offer their clients peace of mind that their vacation will be protected."
"We are pleased to partner with Arbol to give RealTimeRental clients the opportunity to offer weather protection for the vacation rental industry. The parametric weather protection is a unique product that fills a need in the vacation rental industry. Through this partnership, we are excited to offer property management companies the ability to keep their rental guests happy in the case of inclement weather during their vacation and help differentiate their properties," said Joe Testa, Co-Founder RealTimeRental.com.
The Arbol-RTR weather protection program automatically refunds the renter's selected coverage amount if it rains for more than half of their vacation. For example, the renter gets refunded their coverage amount if it rains for four or more days of a seven-day vacation. The program will be rolled out immediately for all RealTimeRental customers.
About Arbol Inc: Arbol is an InsurTech platform for parametric products that pay users quickly and fairly covering external risks such as unexpected weather. Arbol leverages big data and cutting-edge technology (AI, machine learning, blockchain) to bring transparency and efficiency to the weather risk market. Arbol's proprietary pricing platform enables users to customize a coverage program and get live pricing directly through the app. Arbol's products currently serve individuals and businesses in the agriculture, energy, maritime and leisure industries.
About RealTimeRental.com - RealTimeRental.com is the premier vacation rental software solution for 200+ rental offices in the United States, Caribbean, Mexico, and Costa Rica. RealTimeRental paved the way as the first web based vacation rental system on the market in the year 2000, and has consistently provided a comprehensive cloud based reservation software for the past 18 years. We provide our clients with a robust trust accounting software as well as rental property search tools for their websites. Our clients consistently provide outstanding testimonials about the level of support, the dynamic nature of our system, along with an accurate fully integrated trust accounting package. RealTimeRental offers a trusted, secure, and robust cloud based rental management platform and online services- all at a fraction of the cost of other systems. Over 2.7 Million vacations have started with RealTimeRental. Learn more at http://www.RealTimeRental.com